Question # 1

Which of the following is a limitation in credit creation

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Initial deposit

Use of cheques

Use of currency

All of these

Which bank is called the mother of Central Banks.

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World Bank

Bank of Vence

Royal Bank of Scotland

Bank of England

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

Pakistan has used methods of note issue.

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Proportional reserve system

Min. Reserve system

Both a and b

Fixed fiduciary system

When a bank accepts real estate as security by way of mortgage then it is called

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Aamal

Zarib

Mortgager

Mortgagee

What kind of power does commercial bank possess regarding credit creation

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Unlimited power

Limited power

No power

All the above are possible

It is the duty of a customer to.

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Follow banking hours

Safety of cheque book

Care ful filling of cheque

All these

The person who endorse the bill of exchange in called.

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Endorser

Trustee

Enddorser

Drawee

A Joint Stock company opens the account in the bank.

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Saving Bank

Current Account

B.B.A. Account

Term Deposit Account

When customer deposits his money in a bank, he becomes

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Mortgagee

Creditor

Debtor

None of the above

What is necessary to withdraw money through ATM.

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ATM card

PIN number

ATM terminal

All of these

A contractual relationship between bank and its customers.

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Debtor

Principal

Bailor

All of these

The exchange of one country's currency for another foreign currency.

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Exchange Rate

Money change

Foreign exchange

None of these

The supply of foreign exchange arises when.

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Goods are exported

Students comes of country

Sale of Foreign securities

All of these

Bank of England was established in.

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1494

1694

1920

1668

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

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